Tron Overtakes Solana in Meme Coin Trading as SunPump Dominates Daily Revenue

Tron new meme coin launchpad, SunPump, has overtaken Solana Pump.fun in daily revenue and transactions, marking a significant shift in the meme coin market. With SunPump sunpump.meme success driving a surge in Tron DEX volume and native token price, Tron is poised for more growth, according to founder Justin Sun.

Recent data shows that the Tron network has overtaken Solana as the leading platform for meme coin trading, following the launch of Tron’s meme coin launchpad, SunPump. On August 21, on-chain analytics platform Lookonchain revealed that SunPump had surpassed Solana’s Pump.fun in daily revenue, generating 3.65 million TRX ($571,000) compared to Pump.fun’s 2,575 SOL ($368,000).

SunPump also outpaced Pump.fun in daily transactions, processing 7,531 transactions compared to Pump.fun’s 6,941. This shift underscores Tron’s growing dominance in the meme coin market, which Solana had largely controlled until now.

The success of SunPump can be attributed to its ability to attract meme coin traders who were previously active on Solana. The launch of SunPump on August 13, announced by Tron founder Justin Sun, provided a fresh alternative for traders as Solana’s meme coin market became saturated.

This migration to SunPump has led to a significant increase in Tron’s decentralized exchange (DEX) volume, which has surged by over 558% in the last seven days, according to DeFiLlama. In contrast, Solana’s DEX volume has dropped by over 24% during the same period.

The growing activity on Tron has also positively impacted the price of its native token, TRX, which has increased by over 18% in the last week. Meanwhile, Solana’s native token, SOL, has seen a modest price gain of under 2% during this period.

More To Come From Tron

Justin Sun, the founder of Tron, has hinted that the recent success of SunPump is just the beginning for the network. In a recent X post, he stated that “everything is just getting started” and that the recent surge was merely a “warm-up.” He also promised more announcements and developments in the coming weeks, urging the crypto community to stay tuned.

Sun has already revealed some upgrades to the Tron network to accommodate the influx of meme coin trades, including reducing transaction fees to make the network more competitive with cheaper alternatives like Solana.

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